Retirement

This is where the employee decides to leave the organisation and the workforce. It is important that there has been a strong succession plan in place so that the organisation can fill the role(s) of those retiring. Entitlements Upon retirement, employees are entitled to their superannuation package that has accrued over their time of employment - this is usually a minimum of 9.5% (can access once they are 65). Some are also entitled to a pension (government payment)